| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
GUINESS SECURITIES LTD.
(PAN:AAACG9843L)
(Depository Participants : CDSL/NSDL,Member : NSE/BSE/MSEI)
|
|
|
|
KAMAL KUMAR KOTHARI
PAN:AKYPK8782D
|
|
MISAPPROPRIATED CLIENT SECURITIES AND/OR FUNDS
DID NOT SETTLE CLIENT’S FUNDS AND/OR SECURITIES
DID NOT MAINTAIN CONTINUOUS NETWORTH
FALSIFIED BOOKS AND WRONGLY REPORTED TO STOCK EXCHANGE
PROVIDED EXPOSURE TO CLIENTS HAVING DEBIT BALANCE
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT FURNISH INFORMATION/DATA TO SEBI VIOLATING OF REGULATION 21(1) OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 19-DEC-2018 TO 18-DEC-2025
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 19-DEC-2018 TO 18-DEC-2025
DIRECTED TO CEASE & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 19-DEC-2018 TO 18-DEC-2025
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED TO UTILIZE ASSETS OF THE ENTITIES ONLY FOR THE PURPOSE OF PAYMENT OF MONEY AND/OR DELIVERY OF SECURITIES, AS THE CASE MAY BE, TO CLIENTS/INVESTORS UNDER THE SUPERVISION OF CONCERNED STOCK EXCHANGE(S)
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND/OR CREDITS MADE IN DEMAT ACCOUNTS, HELD JOINTLY OR SEVERALLY, OF ENTITIES AND PERSONS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY EXCEPT FOR THE PURPOSE OF PAYMENT OF MONEY TO CLIENTS/INVESTORS UNDER WRITTEN CONFIRMATION OF CONCERNED STOCK EXCHANGES
DIRECTED TO FREEZE EXISTING HOLDING OF SECURITIES, INCLUDING UNITS OF MUTUAL FUNDS
DIRECTED BANKS TO ENSURE THAT NO DEBITS ARE MADE IN BANK ACCOUNTS HELD JOINTLY OR SEVERALLY
19-DEC-2018
|
SEBI VIDE ITS ORDER DATED 31/07/2019 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS EX-PARTE AD INTERIM ORDER DATED 19/12/2018
SAT: SAT VIDE ITS ORDER DATED 27/04/2021 DISPOSED OFF THE APPEALS WITH DIRECTION TO APPLELLANT TO PURSUE CLAIM APPLICATION FILED BEFORE STOCK EXCHANGES WHICH WAS PENDING CONSIDERATION
SAT: SAT VIDE ITS ORDER DATED 14/09/2021 DISMISSED THE APPEAL FOR WANT OF PROSECUTION
SAT: SAT VIDE ITS ORDER DATED 07/10/2021 ALLOWED THE APPLICATION AND RECALLED ORDER DATED 27/04/2021
SEBI VIDE ITS ORDER DATED 30/06/2022 DIRECTED TO A) RESTRAINED FROM ACCESSING THE SECURITIES MARKET AND FURTHER PROHIBITED FROM BUYING, SELLING OR OTHERWISE DEALING IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY AND ASSOCIATING THEMSELVES WITH SECURITIES MARKET IN ANY MANNER FOR SEVEN YEARS B) DURING THE PERIOD OF RESTRAINT THE EXISTING HOLDING, INCLUDING UNITS OF MUTUAL FUNDS SHALL REMAIN FROZEN C) NOT TO DISPOSE OFF OR ALIENATE ANY ASSETS, WHETHER MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY SUCH ASSETS INCLUDING MONEY LYING IN BANK ACCOUNT EXCEPT WITH PRIOR PERMISSION OF SEBI D) PROVIDE FULL INVENTORY OF ALL ASSETS AND PROPERTIES AND DETAILS OF ALL THEIR BANK ACCOUNTS, DEMAT ACCOUNTS AND MUTUAL FUND INVESTMENTS AS WELL AS DETAILS OF ANY LOANS OR ADVANCE, RECOVERABLE BY THEM AS ON THE DATE OF THIS ORDER E) DIRECTED TO FULLY CO-OPERATE WITH STOCK EXCHANGES IN ENSURING THE DIRECTION INCLUDING IN LIQUIDATING THE FUNDS, SECURITIES, CHARGE, RECOVERABLE DUES, ADVANCES AND OTHER MOVABLE AND IMMOVABLE ASSETS F) BANKS TO ENSURE THAT NO DEBITS ARE MADE IN THE BANK ACCOUNTS HELD JOINTLY OR SEVERALLY BY NOTICEES
SAT: SAT VIDE ITS ORDER DATED 19/09/2022 REJECTED THE APPLICATION
SAT: SAT VIDE ITS ORDER DATED 25/09/2024 DISMISSED THE APPEAL. NO COSTS
|
| 22 |
|
|
HARISH CHANDRA BIYANI,M/S
(Member : CSE)
|
|
|
|
HARISH CHANDRA BIYANI
|
|
VIOLATED SECTION 23 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
VIOLATED RULE 4 OF SEBI (STOCK BROKERS & SUB BROKERS) RULES, 1992
VIOLATED REGULATION 7 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SECTION 24 OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 23 |
|
|
HARVIC MANAGEMENT SERVICES (INDIA) LTD.
(Member : SKSE)
|
|
|
|
HEMANG D.JANGLA
|
|
|
KALPESH K.CHAWALLA
|
|
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 24 |
|
|
HOFFLAND FINANCE LTD.
(Member : BGSE/JSE)
|
|
|
|
A.SUBBA RAO
|
|
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BRIJ BHUSHAN SHARMA
|
|
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BRIJ KISHORE KAPUR
|
|
|
JAGDISH NARAYAN
|
|
|
M.N.PADAM
|
|
|
NAVEEN CHANDRA PANDEY
|
|
|
NAVIN PANDEY
|
|
|
PRAMODH KAPUR
|
|
|
SURAJ PAL SHARMA
|
|
VIOLATED SECTION 26 OF SEBI ACT, 1992
VIOLATED SEBI ACT, 1992
VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SEBI (PFUTP) REGULATIONS, 1995
VIOLATED SEBI (MERCHANT BANKER) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM
A1 AND A2 CONVICTED. A3 ACQUITTED. A4 EXPIRED, THUS, PROCEEDINGS ABATED. PROCEEDINGS AGAINST A5 QUASHED. A6 DECLARED PO. A7 COMPOUNDED (VIDE ORDER DT.21.02.2008). FILE BE CONSIGNED TO RECORD ROOM.
DURING THE TRIAL A21 (SHRI ASHOK KUMAR KOHLI) HAD EXPIRED, THEREFORE, PROCEEDINGS QUA HIM WAS ABATED. ACCUSED NO.20 (M/S EVERGROW FINANCIAL SERVICES PVT.LTD.) AND A22 ( SHRI PRADEEP SHARMA) FACED THE TRIAL AND THEY REMAINING ACCUSED WERE DECLARED POS. THE CAPTIONED MATTER WAS POSTED BEFORE THE LD. COURT ON JULY 30, 2012 FOR PRONOUNCEME NT OF JUDGMENT. AFTER RECORDING ITS REASONS THE COURT HELD THAT SEBI COULD NOT PROVE ITS CASE AGAINST A20 AND A22 BEYOND THE SHADOW OF ALL REASONABLE DOUBTS, AND THEREBY ACQUITTED A20 AND A22
|
| 25 |
|
|
HORIZON PORTFOLIO LTD.
(PAN:AAACH2097M)
(Member : BSE/NSE)
|
|
|
DID NOT SUBMIT APPLICATION FOR PRIOR APPROVAL FROM SEBI AND STOCK EXCHANGES FOR CHANGE IN CONTROL VIOLATING REGULATION 26 (XVII) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.2,00,000
20-SEP-2024
|
|
| 26 |
|
|
ICICI SECURITIES LTD.
(PAN:AAACI0996E)
(Member : NSE)
|
|
|
ALLEGED FAILURE IN ADHERE TO CONDITIONS UNDER MARGIN TRADING FACILITY (MTF) AGREED WITH CLIENTS
ALLEGED SOFTWARE MODULE FOR LIQUIDATION OF SHARES WAS NOT FUNCTIONAL TO SQUARE OFF SECURITIES LYING IN CLIENT UNPAID SECURITIES ACCOUNT
ALLEGED INSTEAD OF SQUARING OFF UNCONFIRMED PLEDGED SECURITIES PERTAINING TO MTF CLIENTS, KEPT SUCH SECURITIES IN CUSA ACCOUNT/TRANSFERRED SECURITIES FROM CURRENT SETTLEMENT ID TO ONE FUTURE SETTLEMENT ID IN THE POOL ACCOUNT
ALLEGED SUBMISSION OF INCORRECT DATA RELATED UNCONFIRMED PLEDGE SECURITIES UNDER MARGIN TRADING FACILITY (MTF)
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.80,46,000 VIDE CONSENT ORDER)
13-FEB-2025
|
|
| 27 |
|
|
JAINAM BROKING LTD.
(CIN:U67120GJ2003PLC043162
PAN:AABCJ3918N)
(Member : NSE/BSE)
|
|
|
USED NON-PERMISSIBLE WORDS I.E., WEALTH/ WEALTH ADVISORY/ ADVISORY MANAGEMENT/ INVESTMENT ADVISORY/ ADVISORS WITHOUT OBTAINING REGISTRATION FROM SEBI
DID NOT KEEP EVIDENCE IN RESPECT OF ORDER PLACED BY CLIENTS
DID NOT DISPLAY CONTAINING ALL DETAILS/INFORMATION AT THE INSPECTION LOCATION
COMPLAINT REGISTER WAS MAINTAINED BY AUTHORISED PERSON
DID NOT DISPLAY REGISTRATION LETTERS ISSUED BY EXCHANGES AT INSPECTION LOCATION
DO & DON’T AND INVESTOR GRIEVANCES WERE NOT DISPLAYED AT THE INSPECTION LOCATION
DID NOT DISPLAY INVESTOR GRIEVANCES REDRESSAL MECHANISM AT INSPECTION LOCATION
DID NOT PROVIDE AUTHORISED PERSON AGREEMENT
BANK STATEMENTS WERE NOT AVAILABLE FOR VERIFICATION OF DEALINGS WITH CLIENTS
DID NOT MENTION THE DETAILS REGARDING NUMBER OF EMPLOYEES OF AUTHORIZED PERSONS AND NUMBER OF CLIENTS MAPPED TO AUTHORIZED PERSONS
DID NOT OPERATE FROM THE LOCATION REPORTED BY NOTICEE TO EXCHANGES
CTCL IDS OPERATED BY PERSONS OTHER THAN APPROVED USERS
|
IMPOSED PENALTY RS.6,00,000
29-AUG-2024
|
|
| 28 |
|
|
JHUNJHUNWALA STOCK BROKERS PVT.LTD.
(Member : BSE)
|
|
|
|
AJIT R.SANGHVI
|
|
|
ARTI R.JHUNJHUNWALA
|
|
|
MALINI A.SANGHVI
|
|
|
PARAS D.SHAH
|
|
|
RAJENDRAPASAD K.JHUNJHUNWALA
|
|
VIOLATED SECTION 13 OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
DISCHARGED
|
| 29 |
|
|
JRK STOCK BROKING PVT.LTD.
(PAN:AABCJ8648K)
(Member : BSE/NSE)
|
|
|
DID NOT MAINTAIN CALL RECORDINGS/PROOF OF CLIENTS PLACING ORDERS THROUGH TELEPHONES
AUTHORISED PERSONS DID NOT HAVE NISM CERTIFICATION
DID NOT FIND TRADING TERMINALS OF THE AUTHORIZED PERSONS AT THE LOCATIONS AS REPORTED TO THE STOCK EXCHANGE
MAPPED MOBILE NUMBERS/EMAIL IDS TO THEIR CLIENTS EVEN THOUGH THOSE CLIENTS DID NOT FALL UNDER THE CATEGORY OF FAMILY
|
IMPOSED PENALTY RS.1,00,000
20-MAY-2025
|
|
| 30 |
|
|
JYOTISH BHOGILAL STOCK BROKERS PVT.LTD.
(PAN:AAACJ5486G)
(Member : ASE)
|
|
|
|
JYOTISH BHOGILAL SHAH
|
|
|
MEENA JYOTISH SHAH
|
|
|
RAMNIK N.VYAS
|
|
|
SHAILESH S.JHAVERI
|
|
VIOLATED RULE 3 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
VIOLATED SECTION 12 OF SEBI ACT, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
THE OFFENCE WAS COMPOUNDED ON PAYMENT OF RS.85,000 BY THE ACCUSED TO SEBI
|
| 31 |
|
|
KCGP SHARE BROKING SERVICES PVT.LTD.
(Member : CSE)
|
|
|
DID NOT HAVE ADEQUATE INFRASTRUCTURE TO RUN STOCK BROKING BUSINESS VIOLATING REGULATIONS 21(1), 21(2) AND 21(4) OF SEBI (STOCK BROKERS) REGULATIONS, 1992
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
09-MAR-2021
|
|
| 32 |
|
|
KOLAR SHAREX PVT.LTD.
(PAN:AAACK6474D)
(Member : BSE/ICSE)
|
|
|
DID NOT OBTAIN PRIOR/POST APPROVAL FROM SEBI/BSE FOR CHANGE IN CONTROL OF MANAGEMENT VIOLATING RULE 257A(III) OF RULES, BYE-LAWS AND REGULATION OF STOCK EXCHANGES PROVISIONS OF STOCK BROKERS REGULATIONS
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 18-FEB-2021
18-FEB-2021
|
|
| 33 |
|
|
KRISHNA BHAT I.,M/S
(Member : MNGSE)
|
|
|
|
KRISHNA BHAT I.
|
|
VIOLATED SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 09-JUL-2004
09-JUL-2004
|
|
| 34 |
|
|
KSBL SECURITIES LTD.
(CIN:045764
PAN:AAACK0784G)
(Member : BSE/NSE/MSEI)
|
|
|
DID NOT HOLD MEMBERSHIP OF ANY RECOGNISED STOCK EXCHANGES VIOLATING REGULATION 9(A) OF SEBI (STOCK BROKER) REGULATIONS, 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 14-FEB-2022
14-FEB-2022
|
|
| 35 |
|
|
KUNVARJI FINSTOCK LTD.
(Member : ASE)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 26(V), 26(VI), 26(XII), 26(XV), 26(XVI), 26(XIX) OF SEBI (STOCK BROKERS AND SUB BROKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
12-NOV-2008
|
|
| 36 |
|
|
LFS BROKING PVT.LTD.
(PAN:AACCL1007D)
(Member : NSE)
|
|
|
MISUSED REGISTRATION TO PROMOTE LFS BROKING AND PMS SERVICES AND ANOTHER UNREGISTERED ENTITY MOL COMMODITIES COLLECTED FUNDS FROM INVESTORS
|
CANCELLED REGISTRATION AS PORTFOLIO MANAGER FROM 28-JUN-2024
CANCELLED REGISTRATION AS STOCK BROKER FROM 28-JUN-2024
CANCELLED REGISTRATION AS DEPOSITORY PARTICIPANT FROM 28-JUN-2024
CANCELLED REGISTRATION AS RESEARCH ANALYST FROM 28-JUN-2024
28-JUN-2024
|
|
| 37 |
|
|
MAHESH JOSHI,M/S
(Member : SKSE)
|
|
|
|
MAHESH JOSHI
|
|
VIOLATED SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS 1992
|
CANCELLED REGISTRATION AS STOCK BROKER FROM 28-AUG-2004
28-AUG-2004
|
|
| 38 |
|
|
MALINI SANGHVI SECURITIES PVT.LTD.
(Member : BSE)
|
|
|
|
AJIT R.SANGHVI
|
|
|
MALINI A.SANGHVI
|
|
|
PARAS D.SHAH
|
|
VIOLATED REGULATION 4 OF SEBI (PFUTP) REGULATIONS, 1995
DEALT IN SECURITIES VIOLATING REGULATION 4 OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992
ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
PROSECUTION LAUNCHED
15-MAY-2006
|
|
| 39 |
|
|
MITESH MANUBHAI SHETH,M/S
(Member : ASE)
|
|
|
|
MITESH MANUBHAI SHETH
|
|
ALLEGED VIOLATION OF REGULATION 17,17(1)(I),21(4) AND 26(1),30(1) AND CLAUSE B(2) OF CODE OF CONDUCT UNDER SCHEDULE II TO REGULATION 7 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
ALLEGED VIOLATION OF RULE 15(1),15(2) (C) OF SECURITIES CONTRACTS (REGULATION) ACT, 1956
ALLEGED VIOLATION OF RULE 3 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 24-APR-1995
24-APR-1995
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.2,00,000, LEGAL EXPENSES RS.1,00,000 VIDE CONSENT ORDER)
22-MAR-2010
|
ORDER DATED 24/04/1995 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.2,00,000 TOWARDS SETTLEMENT CHARGES AND RS.1,00,000 TOWARDS LEGAL EXPENSES, AS PER CONSENT ORDER DATED 22/03/2010
|
| 40 |
|
|
MONARCH NETWORTH CAPITAL LTD.
(PAN:AAACN1184F)
(Member : BSE/OTC/NSE)
|
|
|
ALLEGED VIOLATION OF REGULATION 7A (2) OF SEBI (STOCK BROKERS AND SUB-BROKERS) REGULATIONS, 1992 IN MATTER OF FAST TRACK ENTERTAINMENT LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,50,000 VIDE CONSENT ORDER)
28-JAN-2009
|
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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| Page 2 of 4
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